LAHORE: *Pakistan Automobile Industry faces a setback in Year 2020.*
The Pakistan Automotive Manufacturers Association (PAMA) has claimed thatsale of cars decreased by 47.8 percent while sale of motorbikes declined by3.5 percent in January 2020 as compared to their corresponding period lastyear, pakwheels.comlink reported.
The decline reported by the manufacturers was largely in line with thehistorical year-end phenomenon, where consumers generally delay theirpurchases until the new year.
On the other hand, prices of cars have increased many fold in the absenceof any regulatory body from the government’s end and the consumers are leftwith no choice but to buy expensive cars.
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Almost all major automakers in the country including Pak Suzuki, ToyotaIndus, and Honda Atlas have increased prices of their cars.
